Strong electronics components and parts performance helps to buoy Taiwan’s manufacturing output figures for 2022 Q3. (Staff photo/Chin Hung-hao)
 

Taiwan’s manufacturing output increased 3.75 percent year on year to NT$4.36 trillion (US$0.14 trillion) in the third quarter of 2022 based on such factors as the launch of new mobile device products and the rising demand for innovative emerging technology applications, according to the Ministry of Economic Affairs Nov. 18.

The main leading contributors—accounting for around 38.78 percent of the total production—were computers, electronic and optical products, up 26.54 percent to NT$301.5 billion; and electronics components and parts, up 11.9 percent to NT$1.39 trillion.

Integrated circuits—a key subcategory under the latter—hit quarterly record highs to NT$784.6 billion, up 43.83 percent. This gain was attributed by the MOEA to growing demand for chips due to increased applications in high-performance computing and automotive electronics.

Petroleum and coal products climbed 47.52 percent to NT$ 317.3 billion, while automobile components and parts surged 11.76 percent to NT$105 billion and machinery equipment grew 3.41 percent to NT$209.6 billion.

Raw chemical materials and base metals witnessed a decline of 18.54 percent and 19.31 percent to NT$427.5 billion and NT$ 407.9 billion, respectively. This was due to weaker consumption in the terminal market and production capacity reduction due to inventory adjustments.

According to the MOEA, Taiwan’s manufacturing industry momentum is expected to continue due to expanding applications for emerging technologies such 5G telecommunications and the continued launch of new consumer electronics.

The government will continue to monitor the global economy for further impact from Russia’s invasion of Ukraine, the COVID-19 pandemic as well as high inflation and interest rates, the ministry added. (YCH-E)